Axofa vs FXCentrum

Axofa or FXCentrum – which is better for UK traders 2024? Compare Axofa and FXCentrum in this detailed breakdown of their platforms, features and fees.

Axofa vs FXCentrum Comparison Table 2024
Axofa FXCentrum
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3
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3.3
Axofa is ranked #55 among CFD brokers. FXCentrum is ranked #91 among CFD brokers.
Review
Review
Axofa is a forex and CFD broker registered in St Vincent and the Grenadines. The broker offers three account types with access to forex, commodities and indices. With ECN processing, low minimum deposits and no commissions, Axofa remains an attractive option, although the broker does not hold a reputable license. FXCentrum is an offshore broker that offers highly leveraged, commission-free trading on diverse instruments with tight spreads. Traders can access forex, equity and commodities markets via MetaTrader 5 or the proprietary FXC platform and use the award-winning ZuluTrade platform for copy trading.
Pros
  • There's a proprietary social/copy trading service for beginners looking to follow successful strategies and for experienced traders looking to sell their strategies
  • Axofa offers the MetaTrader 5 platform which will particularly serve intermediate to experienced traders looking for advanced charting tools
  • The broker offers a range of local payment methods, especially for clients in Asia, as well as crypto deposits
  • Low ECN spreads are available from 0.0 pips, plus reasonable commissions at $3.50 per side
  • The $1 minimum deposit across all 3 accounts will appeal to novices and those on a budget
  • Very competitive pricing with no commissions and spreads from 0.2 pips
  • Flexible trading platform options with the popular MetaTrader 5 as well as a bespoke platform
  • Good selection of forex, stocks and commodities to trade with over 3000 instruments
  • Personal 'retention manager' assigned to account holders
  • Great suite of educational content for beginners
  • Low starting deposit of just $10
  • Copy trading via ZuluTrade
Cons
  • There is a lack of transparency around pricing and account conditions, which significantly reduces the trust score
  • Our team found inconsistencies between international subsidiaries and website information
  • There is limited verifiable information about the broker’s owners and background
  • The offshore operations and lack of any regulatory oversight is a major concern
  • Few educational resources or additional tools for advanced traders
  • Bonuses have difficult withdrawal requirements
  • Clients from USA and Poland not accepted
  • Monthly withdrawal charges
  • No MetaTrader 4 platform
  • Monthly inactivity fee
  • Offshore regulation
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Forex, CFDs, Stocks, Indices, Commodities CFDs, Forex, Stocks, ETFs, Commodities
Bonus
$160 no deposit bonus
Demo Account
Yes Yes
Minimum Deposit
$1 $10
Payment Methods
Minimum Trade
0.01 Lots 0.1 Lots
Regulator
SVGFSA SFSA
Mobile Apps
iOS & Android iOS & Android
iOS App Rating
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Android App Rating
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Margin Trading
Yes Yes
MetaTrader 4
No No
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
Copy trading is available via the award-winning ZuluTrade platform. There are over 100,000 registered users and master traders, providing an array of trading opportunities and strategies to follow.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
  • IDR
  • USD
  • EUR
Commodities
  • Gold
  • Silver
  • Palladium
  • Platinum
  • Oil
  • Natural Gas
  • Cocoa
  • Coffee
  • Gold
  • Silver
  • Oil
  • Copper
  • Gasoline
  • Platinum
  • Aluminium
  • Nickel
CFD
CFDs are available on popular asset classes with a competitive $1 minimum deposit. The MT5 integration will allow serious short-term traders to utilize the vast library of technical tools, bots and indicators, but the lack of any CFD trading education puts the broker behind many alternatives. Trade commission-free CFDs on 3000+ instruments from forex, stock and commodities markets with volumes starting from 0.1 lots, a low minimum deposit of $10 and tight floating spreads. The selection of CFDs beats most competitors.
Leverage
1:1000 1:1000
FTSE Spread
NA 2.0
GBPUSD Spread<
From 1.6 pips 0.4
Oil Spread
From 1.6 pips 0.05
Stocks Spread
NA Variable
Forex
Axofa offers a decent range of 50+ forex pairs with raw spreads from 0.0 pips. Very high leverage up to 1:1000 and commission-free forex trading is available. With that said, the broker is not particularly transparent when it comes to account conditions and fees. Trade 50+ forex pairs including popular majors and minors with very high leverage available up to 1:1000. Gold, silver, palladium and platinum pairs with USD are also available.
Assets
10+ 50+
GBPUSD Spread
From 1.6 pips 0.4
EURUSD Spread
From 1.6 pips 0.2
EURGBP Spread
From 1.6 pips 0.5
Axofa FXCentrum
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